Short Interest in HubSpot, Inc. (NYSE:HUBS) Rises By 28.3%

HubSpot, Inc. (NYSE:HUBS) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 1,819,569 shares, a growth of 28.3% from the December 31st total of 1,418,266 shares. Approximately 3.6% of the shares of the company are short sold. Based on an average daily volume of 966,681 shares, the days-to-cover ratio is currently 1.9 days. Based on an average daily volume of 966,681 shares, the days-to-cover ratio is currently 1.9 days. Approximately 3.6% of the shares of the company are short sold.

HubSpot Trading Down 2.3%

Shares of HUBS traded down $6.34 during trading hours on Monday, hitting $273.66. 1,426,805 shares of the stock traded hands, compared to its average volume of 1,193,226. The business has a fifty day moving average of $362.89 and a 200-day moving average of $430.87. The firm has a market capitalization of $14.34 billion, a PE ratio of -3,420.79, a price-to-earnings-growth ratio of 6.65 and a beta of 1.45. HubSpot has a 1-year low of $270.46 and a 1-year high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Thursday, November 6th. The software maker reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.08. The firm had revenue of $809.52 million during the quarter, compared to analysts’ expectations of $786.80 million. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The company’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.18 EPS. As a group, equities research analysts expect that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other HubSpot news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the sale, the director owned 487,344 shares in the company, valued at $147,850,422.72. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 25,500 shares of company stock valued at $8,827,080 over the last three months. 4.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On HubSpot

Several hedge funds have recently added to or reduced their stakes in HUBS. Empowered Funds LLC boosted its stake in HubSpot by 88.5% during the 1st quarter. Empowered Funds LLC now owns 1,570 shares of the software maker’s stock worth $897,000 after acquiring an additional 737 shares during the last quarter. Truist Financial Corp boosted its position in shares of HubSpot by 4.3% during the second quarter. Truist Financial Corp now owns 10,666 shares of the software maker’s stock worth $5,937,000 after purchasing an additional 439 shares in the last quarter. ASR Vermogensbeheer N.V. grew its holdings in shares of HubSpot by 7.7% in the 2nd quarter. ASR Vermogensbeheer N.V. now owns 4,023 shares of the software maker’s stock valued at $2,239,000 after buying an additional 286 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of HubSpot by 0.3% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,101 shares of the software maker’s stock valued at $5,066,000 after buying an additional 30 shares in the last quarter. Finally, Hilltop National Bank acquired a new stake in HubSpot during the 2nd quarter worth $32,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

HUBS has been the subject of several recent research reports. Barclays dropped their price target on shares of HubSpot from $575.00 to $525.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Cantor Fitzgerald decreased their price target on HubSpot from $775.00 to $500.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Truist Financial dropped their price objective on HubSpot from $675.00 to $650.00 and set a “buy” rating for the company in a research note on Friday, November 7th. The Goldman Sachs Group reduced their target price on shares of HubSpot from $612.00 to $517.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Finally, Needham & Company LLC dropped their target price on shares of HubSpot from $900.00 to $700.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $586.73.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.